NewMarket Technology, Inc. To Update Mobility Computing Strategy
to Build $20 Million in New Sales and Acquire 51% Interest in
Worldwide Strategies, Inc. During May 8 Webcast
After Achieving $100 Million Annualized Revenue, NewMarket
Schedules Webcast to Present Updated Strategic Plan and Increased
Revenue Forecast
DALLAS, TX-- May 2, 2008 -- NewMarket Technology, Inc. (OTCBB: NMKT)
will include an update on the Company’s progress to acquire a
fifty-one percent (51%) majority interest in Worldwide Strategies,
Inc. (OTCBB: WWSG) during NewMarket’s upcoming Webcast scheduled for
May 8, 2008 at 4:30 pm EDT. NewMarket and Worldwide have previously
announced a binding letter of intent (LOI).
Mobile Computing Business to be Consolidated into Worldwide
Strategies The majority interest acquisition of Worldwide is part of
NewMarket’s overall plan to build a Mobile Computing Solution, to
include mobile software, mobile security and mobile access. NewMarket
launched efforts to build a Mobile Computing Solution offering in the
third quarter of 2007. The Company plans to consolidate its Mobile
Computing business into Worldwide Strategies and anticipates $20
million in sales in 2008 resulting from the new Mobile Computing
Solution offering. The anticipated sales from the Mobile Computing
Solution offering are not currently included as part of NewMarket’s
2008 forecast. Strategic Plan Update Webcast at 4:30 pm EDT May 8,
2008
NewMarket has previously announced a scheduled Webcast at 4:30 pm
EDT on May 8, 2008 to present a strategic plan update, in which the
Company intends to announce an increase to the Company's 2008
forecast. Management has previously provided guidance of an
anticipated 20% increase in 2008 revenue over 2007. The Mobility
Computing Strategy update and Worldwide Strategies Acquisition
progress will be included in the Webcast. A link to the Webcast will
be available at the Company's corporate Website Investor Relations
page at
http://www.newmarkettechnology.com/investor-relations.htm
under "Current Events and Communications" or by going to
http://www.vcall.com/IC/CEPage.asp?ID=119083
2007 Financial Review Webcast Now Available
CFO Philip J. Rauch recently held a Webcast to discuss the
Company's 2007 financial results and recent shareholder questions.
NewMarket reported $93.1 million in revenue for 2007, a 20% increase
in revenue from organic operational growth over 2006, and $7.3 million
in net income, a 25% increase in net income over 2006 before
adjustments for foreign currency exchange. Revenue in the fourth
quarter of 2007 exceeded $29 million, pushing the Company’s annualized
revenue over $100 million. An archive of the call can be accessed
under "Current Events and Communications" on the NewMarket Investor
Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm.
Updated Corporate Overview
An updated corporate overview including NewMarket's 2007 financial
results and an overview of the Company's systems integration and
emerging technology business and operations in North America, Asia and
Latin America is now available on the Company's Investor Relations
webpage at
http://www.newmarkettechnology.com/investor-relations.htm
under "Corporate Fact Sheets."
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive
company updates or to obtain more information on the Company, please
send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between
maintaining legacy systems and gaining a competitive edge from the
latest technology innovations. NewMarket provides certified
integration and maintenance services to support the prevailing
industry standard solutions such as Microsoft, Cisco Systems, SAP,
Siebel and Sun Microsystems. Concurrently, NewMarket continuously
seeks to acquire emerging technology assets to incorporate into an
overall product portfolio carefully packaged to complement the
prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through
its network of Solution Integration subsidiaries in North America and
the leading emerging markets around the world to include, Latin
America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United
States and Number Five in North America on Deloitte's 2006 Technology
Fast 500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America.
Rankings are based on percentage revenue growth over five years, from
2001-2005. The Company grew from less than $1 million in revenue in
2001 to over $50 million in profitable revenue in 2005. In 2006, the
company continued its rapid growth, reporting $77.6 million in revenue
with a net income of $5.8 million.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This press release contains forward-looking statements that involve
risks and uncertainties. The statements in this release are
forward-looking statements that are made pursuant to safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
Actual results, events and performance could vary materially from
those contemplated by these forward-looking statements. These
statements involve known and unknown risks and uncertainties, which
may cause NewMarket's actual results in future periods to differ
materially from results expressed or implied by forward-looking
statements. These risks and uncertainties include, among other things,
product demand and market competition. You should independently
investigate and fully understand all risks before making investment
decisions. |